Blackline Safety (CVE:BLN) Shares Cross Below 50-Day Moving Average of $8.92

Shares of Blackline Safety Corp. (CVE:BLN) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on BLN. National Bankshares set a C$6.00 price target on Blackline Safety and gave the stock a “buy” rating in a research note on Thursday, June 13th. Canaccord Genuity Group raised their target price on shares of Blackline Safety from C$5.25 to C$5.50 and gave the stock a “speculative buy” rating in a research note on Friday, June 14th. TD Securities increased their price target on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Monday, March 18th. Finally, ATB Capital raised their price objective on shares of Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th.

Blackline Safety Trading Down 0.3 %

The company has a market cap of C$484.79 million and a price-to-earnings ratio of -42.88. The business has a fifty day simple moving average of C$8.92 and a 200 day simple moving average of C$8.92. The company has a quick ratio of 3.09, a current ratio of 3.72 and a debt-to-equity ratio of 2.72.

Blackline Safety (CVE:BLN) last announced its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The company had revenue of C$31.58 million for the quarter, compared to analysts’ expectations of C$30.62 million. On average, equities analysts anticipate that Blackline Safety Corp. will post -0.05 EPS for the current fiscal year.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.